kmitchell96
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Financial Struggles
The board called me in for a meeting this week and gave me a real in depth discussion about the financial situation at the club and it was not good. The previous manager had taken the club from a balance of almost £100k to next to nothing.
This was in large part to his wage spendings. Overall the previous boss was £1400 over the wage budget each week and this was destroying the club finances. They asked me if I knew how bad it could get and warned me there was nothing they could do to fix it.
I disagreed.
All we needed to do was release some players on high wages. Out go O'Keefe and Rouse who's combined wage was almost £900 a week for two back up players who would likely never play. And now I am only £500 down.
View attachment 201848View attachment 201847
Assistant manager and player Sodje was offered a new contract. He would never play for us again and at 42 I doubt he wanted to so I offered him a contract with just the assistant manager role but he rejected it so I released him and brought in a new, better and cheaper option in Roger Ashby.
View attachment 201846View attachment 201845
Now with £15 to spare a week on wages the finances should see a bit of a rise or at least stop dropping as quickly.
The board were happy that I had turned the wage bill around and with some work in January I would look to continue to keep improving the financial situation at the club as we look to build and move forward.
The fans were a little less understanding as they were just upset to see Sodje leave but they will have to learn to understand the reasoning behind it. He was on £650 a week and sat in the Under 21 squad.
I have replaced O'Keefe who was our number 2 goalkeeper with an older but just as good Ritchie Branigan. The 23 year old was sat in the under 21 squad but O'Keefe was on £500 a week where as Ritchie is on £200. Big difference. Also with 24 year old Rhys Taylor in net no back up keeper will get a look in past the keeper who should be playing at least in league 2!
The board called me in for a meeting this week and gave me a real in depth discussion about the financial situation at the club and it was not good. The previous manager had taken the club from a balance of almost £100k to next to nothing.
This was in large part to his wage spendings. Overall the previous boss was £1400 over the wage budget each week and this was destroying the club finances. They asked me if I knew how bad it could get and warned me there was nothing they could do to fix it.
I disagreed.
All we needed to do was release some players on high wages. Out go O'Keefe and Rouse who's combined wage was almost £900 a week for two back up players who would likely never play. And now I am only £500 down.
View attachment 201848View attachment 201847
Assistant manager and player Sodje was offered a new contract. He would never play for us again and at 42 I doubt he wanted to so I offered him a contract with just the assistant manager role but he rejected it so I released him and brought in a new, better and cheaper option in Roger Ashby.
View attachment 201846View attachment 201845
Now with £15 to spare a week on wages the finances should see a bit of a rise or at least stop dropping as quickly.
The board were happy that I had turned the wage bill around and with some work in January I would look to continue to keep improving the financial situation at the club as we look to build and move forward.
The fans were a little less understanding as they were just upset to see Sodje leave but they will have to learn to understand the reasoning behind it. He was on £650 a week and sat in the Under 21 squad.
I have replaced O'Keefe who was our number 2 goalkeeper with an older but just as good Ritchie Branigan. The 23 year old was sat in the under 21 squad but O'Keefe was on £500 a week where as Ritchie is on £200. Big difference. Also with 24 year old Rhys Taylor in net no back up keeper will get a look in past the keeper who should be playing at least in league 2!